Alleged fraud hits condos: $530k missing from 2 Westport communities

WESTPORT, Conn. (CT Post) -- Hundreds of thousands of dollars some area condominium owners paid out to keep their communities' grass mowed, fences mended and to cover roof replacements has disappeared in the tangle of an alleged fraud at a Westport property management company.

Two clients of Consolidated Management Group Inc., of Westport, have estimated total losses of $530,000 in a financial mess that could touch several more associations in the region.

"Approximately $300,000 was deserted from our funds," said Robert Meyer, treasurer of Strathmore Lane Condominium Association, a 64-unit community in Westport. "We reported it to local police."

Read more at the Connecticut Post .